09:50 AM EST - Magna International Inc. : Today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 and the Toronto Stock Exchange has accepted its Notice of Intention to establish a new Normal Course Issuer Bid. Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares, representing approximately 10% of its public float. As at October 31, 2024, Magna had 287,342,204 issued and outstanding Common Shares, including a public float of 286,960,792 Common Shares. Magna International Inc.
shares T.MG are trading down $0.41 at $58.20.
